TITLE 80: PUBLIC OFFICIALS AND EMPLOYEES
SUBTITLE H: DEFERRED COMPENSATION
CHAPTER I: ILLINOIS STATE BOARD OF INVESTMENT
PART 2700 STATE (OF ILLINOIS) EMPLOYEES' DEFERRED COMPENSATION PLAN
SECTION 2700.910 TERMINATION OF PLAN


 

Section 2700.910  Termination of Plan

 

a)         The Board shall have the authority to terminate this Plan, or to substitute a new Plan.

 

b)         Upon termination of the Plan, each Participant shall be deemed to have withdrawn from the Plan as of the date of such termination, and the Participant's full Compensation will be restored to a nondeferred basis.

 

c)         The Plan will otherwise continue in effect until all Deferred Compensation Accounts have been distributed in accordance with the Plan.

 

d)         Changes in the Plan, termination of the Plan, or substitution of a new Plan shall be made in accordance with the Illinois Administrative Procedures Act (Ill. Rev. Stat. 1981, ch. 127, pars. 1001 et seq.).